Blockchain Technology News

Google Inc. (NASDAQ: GOOG), a multinational technology corporation known for its suite of internet services, is reportedly taking strategic inroads to the crypto space, through its recent partnerships formed with Coinbase and BitPay that would enable new functionalities for Google Pay, its consumer payments division.

A U.S. consumer survey shows that 25% of respondents who currently do not own cryptocurrency plan to start investing in crypto. “2021 was a good year for crypto. Of the respondents that own crypto, more than half reported that they had just started investing in the space within the last year.”

China’s state-backed network won’t be compatible with external NFTs.

Crypto trading volumes using the lira reached a 15-month high as Turks race to get rid of their national currency.

In a ruling that is "almost identical to the El Salvador bill," Tongan bigwig Lord Fusitu'a anticipates that his country could adopt Bitcoin by November.

The Thai revenue department will expedite tax criteria as traders and businesses seek further clarity.

Legal expert Kokila Alagh shared insights regarding crypto and blockchain regulations in the United Arab Emirates.

The total quantity of gold held in reserves by central banks topped 36,000 tons for the first time since 1990, data from World Gold Council has shown. This increase follows growth in the banks’ reported holdings of the asset by 4,500 tons over the past decade.

"We are going to see many more industries start to use NFTs for efficiencies, authentication, and to eliminate rent-seeking middlemen." One of the biggest NFT trends for 2022 will be the growing involvement of big corporations and brands. Industry players almost unanimously estimate that metaverse- or gaming-related NFTs will trend more than any other kind this year. Expect to see more NFT-facing regulation emerging in 2022.

Cryptocurrency exchange Coinbase is seeing a growing focus on Ethereum competitors, the institutionalization of decentralized finance (DeFi), and non-fungible tokens (NFT).

The Games Committee has strengthened its stance against P2E games by saying those games should not receive an age rating needed to get listed on app marketplaces.

The 12-year-old Barnaby Swinburn scored 162 on the Mensa IQ test and became a member of the high-IQ society.

With 2022 fast approaching, more leaders in the crypto space have looked into the crystal ball to try and predict what the new year will bring in terms of new trends, emerging narratives, and regulations around the world.

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is planning to conduct a trial early next year that will see the global payments intermediary explore how it may play a role in the nascent asset tokenization market.

The South Korean banking giant Kookmin Bank (KB) says it has developed new multi-coin wallets that are capable of storing non-fungible tokens (NFT) and various tokens including central bank-issued coins.

Former Twitter CEO Jack Dorsey has ignited a debate about web3 after Tesla CEO Elon Musk criticized it. Dorsey warned of the risks from centralization, emphasizing that web3 is owned by venture capitalists (VCs), hiding under the premise of decentralization. “I’m concerned to see ‘the industry’ be distracted under false pretenses when we could all be working on things that have a chance at fixing the real issues,” Dorsey wrote.

“NFTs will transform the digital space and innovate the user experience in all areas, such as content, gaming, social and commerce,” said LineNext CEO.

Visa’s head of crypto has revealed that the payments giant has partnered with about 60 leading crypto platforms “to launch card programs that make it easy for consumers to convert and spend digital currency at 80 million merchant locations worldwide.” He emphasized, “We’ve built a lot of momentum in this space, and we’ll continue to support the crypto ecosystem in several ways.”

Sportswear giant Adidas dropped its non-fungible token (NFT) collection “Into the Metaverse” with 30,000 pieces on Friday - and while the sale was capped at a maximum of two items per person, one user managed to hoover up 330 pieces using a smart contract.

UST, one of the stablecoins of the Terra project, has become the largest stablecoin by market capitalization today, after having surpassed its Ethereum-based rival, DAI. UST is now the largest decentralized stablecoin in the market, closing a year of growth for the Terra ecosystem, which is now among the most valuable top ten cryptocurrency projects in the market.